Annual Tax Mess Organizer for the Cannabis/Marijuana Industry

Download or read book Annual Tax Mess Organizer for the Cannabis/Marijuana Industry written by Kiki Canniff and published by . This book was released on 2014-10-16 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Annual Tax Mess Organizer for the Cannabis/Marijuana Industry teaches dispensary owners, marijuana growers, trimmers, medible cooks and everyone else in the state-legal marijuana business how to operate following current I.R.S. rules.Canniff explains what you can and cannot deduct when you run a marijuana business, how to keep the government out of your personal finances, why state laws legalizing cannabis signal the end of the drug war, which federal laws will need to be changed before you can compete fairly as a business, and how keep audit-proof records without a lot of work.Readers learn the history of cannabis prohibition in America, why the granting of U.S. medical marijuana patents proves our government knows marijuana has medicinal benefits, what happens in Tax Court when marijuana business owners are audited, and how to get federal prohibition laws changed. This is not a technical book written for accountants; it is for the people who are self-employed within the medical or recreational marijuana industry. But, accountants will love it because it teaches small business owners how to get ready for their tax professional. For people who don't grow or distribute the plant, and who have always prepared their own annual tax return, there's even a chapter on how to fill out the small business Schedule C and Self-Employment tax forms.